Bharat Forge Ltd on Tuesday announced that its board has approved a proposal to raise up to Rs 2,000 crore through various debt instruments, including term loans, non-convertible debentures (NCDs), or other similar options.
The board has granted in-principle approval for the fundraise and has delegated the authority to the Investment Committee – Strategic Business to finalize the details, the Pune-based company said in a statement.
Meanwhile, the company reported a net profit of Rs 299 crore for the July–September quarter of FY26, up from Rs 243 crore in the same period last year.